Skip to main content

About your Search

20120926
20121004
STATION
KTVU (FOX) 1
DATE
LANGUAGE
Search Results 0 to 0 of about 1
FOX
Oct 2, 2012 4:00am PDT
us a power stock today. what is your play? > > integrys energy, it's the chicago regulated utility in this region, supplies natural gas; and yesterday, they came and bought a power plant up in wisconsin for $440 million. the stock absolutely took off, and now it's trading at about $54. pays a 5% dividend. and a lot of these utilities have kind of backed off in the last couple of months. it's a good time to get into some of them. > > so traders are taking their profits on these stocks. will they be forced to get in during the fourth quarter do you think? > > i think so, because investors out there are facing, you know, you're not getting anything in the bank, so you can get into some of these utility stocks that pay 4 to 5%. now they have backed down some from their highs, because the price of electricity is falling along with natural gas. so, many production assets. however, teg, integrys energy, did not. it's a regulated utility. does a little bit better. it's a little bit more of a stronger play despite what happens with electricity prices. > > are there any caveats with this sto
Search Results 0 to 0 of about 1